Maxcen Housing Society Maryland Branch Inc

Analysis

Maxcen Housing Society Maryland Branch Inc is a registered charity in United States, based in Beltsville, MD. It received its IRS tax-exemption ruling in May 2017, 9 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Maxcen Housing Society Maryland Branch Inc reported income of $91k and spending of $78k, spending 86% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $86k to $91k (+5.7%), an average of +2.8% a year. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Maxcen Housing Society Maryland Branch Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 36th percentile within MD. Charities of a similar size with the same main cause include LSS Housing Granville Inc ($91k), Kalamazoo Family Nonprofit Housing Corporation ($91k) and Susan Parham Housing Corporation ($91k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $5,300. At year end it held assets of $91k against liabilities of $78k, net assets of $13k.